If you had a choice, which would you consider a better investment option (looking at longer term), and why?
Firstly, distance will be within 12-20km range from Brisbane CBD, and all with simlar price range. Vacancy rates appear to be less than 2% all suburbs I'm considering. Am only looking at properties close to transport (pref. trains), shops, etc. (Loan will be IO, and about 95%LVR, if that is relevant to you)
What would you pick, in order, if everything else met your criteria? (these aren't specific properties, just cover the range of what I've been looking at)
I have always preferred house and land for the land value CG, but its getting harder to afford for under $400K - and I'm wondering if a townhouse is a reasonable compromise? Smaller seems to be he way that development is going...on that note however, I am a bit mindful of the fact that particularly with the 1 bed units, whilst closer to the city and more potential CG, the market in those areas may be a bit flooded with stock (Nundah, Chermside for eg.), then again same with the townhouse developments that are happening a bit further out, although perhaps to a lesser degree (eg. Zillmere, Boondall), but Taigum has a lot!
A property with higher yeild will require less contribution by me to keep it, but then I want something that will at least give me some capital growth in the next couple of years so I get something towards equity for the next deposit.
I'd love to hear your thoughts...and if you know of any problem areas/types of property in the North Brisbane area, please let me know! Thanks
Firstly, distance will be within 12-20km range from Brisbane CBD, and all with simlar price range. Vacancy rates appear to be less than 2% all suburbs I'm considering. Am only looking at properties close to transport (pref. trains), shops, etc. (Loan will be IO, and about 95%LVR, if that is relevant to you)
What would you pick, in order, if everything else met your criteria? (these aren't specific properties, just cover the range of what I've been looking at)
- 3 bed Townhouse, 20+yr old, rental yeild about 5%
- 3 bed Townhouse, less than 10 year old, rental yeild 6% but one of the further out suburbs
- 3/4 bed House, 30+yr old (some reno, not necessarily very recent - I wouldn't reno), 4-5% rental yeild, further out suburb.
- 1 bed apartment, new, 5% yeild approx.
I have always preferred house and land for the land value CG, but its getting harder to afford for under $400K - and I'm wondering if a townhouse is a reasonable compromise? Smaller seems to be he way that development is going...on that note however, I am a bit mindful of the fact that particularly with the 1 bed units, whilst closer to the city and more potential CG, the market in those areas may be a bit flooded with stock (Nundah, Chermside for eg.), then again same with the townhouse developments that are happening a bit further out, although perhaps to a lesser degree (eg. Zillmere, Boondall), but Taigum has a lot!
A property with higher yeild will require less contribution by me to keep it, but then I want something that will at least give me some capital growth in the next couple of years so I get something towards equity for the next deposit.
I'd love to hear your thoughts...and if you know of any problem areas/types of property in the North Brisbane area, please let me know! Thanks